Preparing for bankruptcy can be an emotionally taxing process. There are several steps to go through, as well as court-mandated processes before your debt can be alleviated. While this can be inconvenient, there are different ways that you can shorten the process. Being as prepared as possible and consulting legal counsel are two key items to streamlining your steps to take for debt help in Utah. Below, we’re discussing what documents you need to file for bankruptcy in Utah and how your lawyer can assist you throughout the bankruptcy process.
What documents do I need to prepare for bankruptcy?
There are different types of bankruptcy that you may be eligible for as a credit consumer. Your attorney can walk you through which chapter of bankruptcy to file for in order to better protect your assets and interests. After you make this determination, you can continue to compile any sort of administrative documents or records that your attorney will need for court processes and hearings.
Documents to prepare ahead of time for your bankruptcy filing may vary. Generally, you will want to show as much proof of hardship as possible while also providing any applicable records of past payment histories and debt accrual. Your checklist for bankruptcy prep may include items such as:
- Payment records going back 2-5 years. You may be asked to provide payment and banking records past this timeframe, but the average seems to be about 2-5 years worth. This can give your legal team and the courts a general idea of where the money is going and of your overall spending habits. This information can help your legal team to structure your case, so it’s best to be as complete in your compilation as possible. Include data from all accounts you still have access to, and try to recover data from those you don’t. Having a more complete picture can help your court process to go more smoothly.
- Proof of credit counseling. Credit counseling is a mandatory step that you must take prior to filing for bankruptcy in the state of Utah. Credit counseling is designed to be a helpful tool for consumers to find new and healthy ways for debt resolution, manage their spending habits, and preserve their overall financial wellness and health for restitution after the bankruptcy process. You may not need to pay for credit counseling, which may provide you with some relief. There are nonprofits in Utah that provide free credit counseling services that will give you adequate proof for the courts and for your bankruptcy case.
- Asset appraisals. If you have any sort of assets to your name, such as a home or a vehicle, getting them appraised and providing your attorney with this documentation can help to further illustrate your total financial picture. It can also give your attorney an idea of your full portfolio of assets and liabilities so that they can work to protect your interests as much as possible throughout the course of your case. There may be a cost associated with a larger-scale appraisal, such as the appraisal of a house. Consider this cost as you go through the bankruptcy process to plan around the additional expense.
- Current and past tax returns. The entire idea behind providing your attorney and the courts with these pieces of information is to give them a full reference of your spending habits and how much you earn. At the conclusion of your bankruptcy case, the court will work with you to determine a monthly repayment amount to settle your outstanding debts (in most cases). Their goal is to create the most equitable resolution possible for both you and those that you owe money to. This information can inform their approach and strategy.
How can your attorney help in your Utah bankruptcy case?
Filing for bankruptcy is a big decision to make. It can have lasting legal and financial ramifications, as well as additional consequences for your credit score. Because of this, it is always best to work with an attorney. They will be able to help you to devise a strategy for court filing, assist you in any outstanding administrative tasks for your filing process, and defend your interests at court hearings and proceedings. Your attorney can also be a resource to you for legal assistance, putting your case into the context of prior case law that could apply in your specific instance. They can also provide additional support for you, as bankruptcy can be a very taxing process to go through.
Ascent Law is here to support you through the bankruptcy process
Are you considering filing for bankruptcy? The experts at Ascent Law are here to help. With shared years of experience in the industry and hundreds of clients served successfully, we’re confident that we would be able to help you navigate your bankruptcy case to full resolution. For more information and to book your free intro call today, please visit our website.
Salt Lake City
Salt Lake City, Utah
|City of Salt Lake City|
“The Crossroads of the West”
|Coordinates: 40°45′39″N 111°53′28″WCoordinates: 40°45′39″N 111°53′28″W|
|Named for||Great Salt Lake|
|• Type||Strong Mayor–council|
|• Mayor||Erin Mendenhall (D)|
|• City||110.81 sq mi (286.99 km2)|
|• Land||110.34 sq mi (285.77 km2)|
|• Water||0.47 sq mi (1.22 km2)|
||4,327 ft (1,288 m)|
|• Rank||122nd in the United States
1st in Utah
|• Density||1,797.52/sq mi (701.84/km2)|
| • Urban
||1,021,243 (US: 42nd)|
| • Metro
||1,257,936 (US: 47th)|
| • CSA
||2,606,548 (US: 22nd)|
|Time zone||UTC−7 (Mountain)|
|• Summer (DST)||UTC−6|
|Area codes||801, 385|
|GNIS feature ID||1454997|
|Major airport||Salt Lake City International Airport|
|Website||Salt Lake City Government|
Salt Lake City (often shortened to Salt Lake and abbreviated as SLC) is the capital and most populous city of Utah, as well as the seat of Salt Lake County, the most populous county in Utah. With a population of 199,723 in 2020, the city is the core of the Salt Lake City metropolitan area, which had a population of 1,257,936 at the 2020 census. Salt Lake City is further situated within a larger metropolis known as the Salt Lake City–Ogden–Provo Combined Statistical Area, a corridor of contiguous urban and suburban development stretched along a 120-mile (190 km) segment of the Wasatch Front, comprising a population of 2,606,548 (as of 2018 estimates), making it the 22nd largest in the nation. It is also the central core of the larger of only two major urban areas located within the Great Basin (the other being Reno, Nevada).
Salt Lake City was founded July 24, 1847, by early pioneer settlers, led by Brigham Young, who were seeking to escape persecution they had experienced while living farther east. The Mormon pioneers, as they would come to be known, entered a semi-arid valley and immediately began planning and building an extensive irrigation network which could feed the population and foster future growth. Salt Lake City’s street grid system is based on a standard compass grid plan, with the southeast corner of Temple Square (the area containing the Salt Lake Temple in downtown Salt Lake City) serving as the origin of the Salt Lake meridian. Owing to its proximity to the Great Salt Lake, the city was originally named Great Salt Lake City. In 1868, the word “Great” was dropped from the city’s name.
Immigration of international members of The Church of Jesus Christ of Latter-day Saints, mining booms, and the construction of the first transcontinental railroad initially brought economic growth, and the city was nicknamed “The Crossroads of the West”. It was traversed by the Lincoln Highway, the first transcontinental highway, in 1913. Two major cross-country freeways, I-15 and I-80, now intersect in the city. The city also has a belt route, I-215.
Salt Lake City has developed a strong tourist industry based primarily on skiing and outdoor recreation. It hosted the 2002 Winter Olympics. It is known for its politically progressive and diverse culture, which stands at contrast with the rest of the state’s conservative leanings. It is home to a significant LGBT community and hosts the annual Utah Pride Festival. It is the industrial banking center of the United States. Salt Lake City and the surrounding area are also the location of several institutions of higher education including the state’s flagship research school, the University of Utah. Sustained drought in Utah has more recently strained Salt Lake City’s water security and caused the Great Salt Lake level drop to record low levels, and impacting the state’s economy, of which the Wasatch Front area anchored by Salt Lake City constitutes 80%.
About Salt Lake City, Utah
Neighborhoods in Salt Lake City, Utah
Poplar Grove, The Avenues, Ballpark, Lower Avenues, Downtown, Woodbury, Central City, Neighborhood House, Salt Lake City Community Development, Rio Grande, The Neighborhood Hive, Neighborhood Services, University Neighborhood Partners, Salt Lake City, Neighborhood Auto Service, Sunnyside Park, Building at Rear, 537 West 200 South, Washington Square Park, Area 51, Brigham Young Historic Park
Things To Do in Salt Lake City, Utah
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Reviews for Ascent Law LLC Salt Lake City, Utah
We've gotten divorce and child custody work from Ascent Law since the beginning because of my ex. We love this divorce firm! Staff is gentle, friendly and skilled. Tanya knows her stuff. Nicole is good and Ryan is fun. Really, all the staff here are careful, kind and flexible. They always answer all my questions, explain what they're doing and provide great legal services. I personally think they are the best for divorce in Utah.
I have had an excellent experience with Ascent Law, Michael Reed is an absolutely incredible attorney. He is 100% honest and straight forward through the entire legal process of things, he also has a wonderful approach to helping better understand certain agreements, rights, and legal standing of matters, to where it was easy to know whats going on the entire process. I appreciate the competency, genuine effort put forth, and assistance I received from Ascent and attorney Michael Reed, and I will be calling these guys if ever I have the need again for their legal assistance! 5star review Wonderful attorneys!
This review is well deserved for Ryan and Josh. New clients should know they are worth the 5 star rating we give them. We needed 2 sessions from them because of the complexity of the matter, but they are both very passionate about his helping others in need. My sister needed bankruptcy and I needed divorce. Sometimes they go hand in hand but a large shout out to this team - also Nicole is one of the sweetest people you ever did meet - she offered me warm cookies!
Mike Anderson and his colleagues & staff are knowledgeable, attentive and caring. In a difficult and complex case that eventually went to trial, Mike was the voice of reason and the confidence I needed. His courtroom abilities are amazing and I felt his defense of me was incredible. His quick thinking and expertise allowed for a positive result when I felt the World was crumbling. His compassion, after the case, has helped me return to a good life. I trust Mike and his staff. They are friendly and very good at what they do.
I worked with Attorney Alex and Paralegal Ami in my divorce case. I got to know the team very well over the course of two years. I cannot think of a better team to have worked with. Ami and Alex are not only exceptional law professions who are very knowledgeable and thorough, they are also the best human beings who empathize with the emotions I was experiencing. Alex was conscious of my budget and worked efficiently to try to reduce unnecessary legal expenses. My case also involved some dealings with a foreign country that Alex and his team had previously dealt with. They did an amazing job addressing cultural barriers in a very respectful manner and did not fall short in quality of work or in standards when dealing with some of these new challenges. Ami deserves a medal for being extremely professional, calming, and compassionate when it is needed most. When you need family law attorneys, call this firm. I now feel I can move forward with grace and dignity.